Computer Service and Repair was started five years ago by two college roommates. The company's comparative balance sheets and income statement are presented below, along with additional information. Current Year Prior Year Balance Sheet at December 31 Cash $10,615 $14,165 Accounts receivable 1,650 690 Prepaid expenses Equipment 1,050 145 730 0 Accumulated depreciation 0 Wages payable Common stock $ 540 Short-term note payable 4,800 (145) $13,900 205 $15,000 $ 2,050 0 4,800 Retained earnings 8,355 8,150 $13,900 $15,000 Income Statement for Current Year Service revenue $53,000 Depreciation expense 145 Salaries expense 39,500 Other expenses 13,150 Net income $ 205 Additional Data: a. Prepaid expenses relate to rent paid in advance. b. Other expenses were paid in cash. c. Purchased equipment for $730 cash at the beginning of the current year and recorded $145 of depreciation expense at the end of the current year. d. At the end of the current year, the company signed a short-term note payable to the bank for $205. Required: Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. (List cash outflows as negative amounts.) COMPUTER SERVICE AND REPAIR Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities: Cash flows from financing activities: 0 0 0 $ 0